Hi Guys,
Looking at this chart and i found that there were a few things that supported my idea:
1. Support at 0.7245 and reversal has begun at the 4H TF
2. Previous support at 0.7146 was never achieved
3. RSI supports the upward trend
I would expect a retracement period at 0.7430 (0.38 Fib) so you can take some profit here
But my main target would be:
T/P at 0.7605 (0.618 Fib)
S/L at 0.7210
R:R at 1.9
Please don't risk more than 2% of your capital
If there's no big news, this trade would look quite good
Feedbacks are always appreciated
Cheers!
Looking at this chart and i found that there were a few things that supported my idea:
1. Support at 0.7245 and reversal has begun at the 4H TF
2. Previous support at 0.7146 was never achieved
3. RSI supports the upward trend
I would expect a retracement period at 0.7430 (0.38 Fib) so you can take some profit here
But my main target would be:
T/P at 0.7605 (0.618 Fib)
S/L at 0.7210
R:R at 1.9
Please don't risk more than 2% of your capital
If there's no big news, this trade would look quite good
Feedbacks are always appreciated
Cheers!